Magenta Lifecare Limited
ListedSMEConsumer Goods · BSE
Magenta Lifecare Limited, founded in 2015, is a Gujarat-based company that makes mattresses and pillows under the brand name "Magenta." They offer a wide range of products like memory foam, latex-based, bonded mattresses, and different types of pillows, including memory foam and contour pillows. With the capacity to produce 60,000 mattresses and 70,000 pillows annually, the company serves retail customers, hotels, and institutions across India. Backed by 41 experienced employees and knowledgeable promoters, Magenta Lifecare is known for its quality products, strong customer relationships, and wide distribution network.
Price Band
₹35
Issue Size
₹7.00 Cr
Lot Size
4000 shares
GMP
₹15
+42.9%
Est. Listing
₹50
at current GMP
Subscribed
983.24x
overall
Open
5 Jun 2024
Close
7 Jun 2024
Allotment
10 Jun 2024
Refund
11 Jun 2024
Demat Credit
12 Jun 2024
Listing
12 Jun 2024
Last updated 11 months ago
Overall Subscription
983.24x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
1188.08x
High Net-Worth
Retail (RII)
778.41x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 948,000 | 1,126,296,000 | 1188.08x |
| RETAIL | 948,000 | 737,932,000 | 778.41x |
| Total | 1,896,000 | 1,864,228,000 | 983.24x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 175 | 136,222 | 778.41x |
| HNIs (10L +) | 1 | 1,188 | 1188.08x |
| HNIs (2-10L) | 5 | 5,940 | 1188.08x |
| Total Applications | 181 | 143,350 | 791.99x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Magenta Lifecare Limited Public Issue & Market Profile
Magenta Lifecare Limited is bringing an initial public offering (IPO) in the Consumer Goods sector with an aggregate issue size of ₹7 Crores. The shares are offered at a price band of ₹35 to ₹35 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Bidding & Quota Instructions:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 4000 shares (approx. ₹1,40,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment Reconciliation Schedule:
Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-06-12, while un-allotted funds or UPI block mandates will be released on 2024-06-11.
Frequently Asked Questions
What is Magenta Lifecare Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Magenta Lifecare Limited IPO is ₹15 per equity share. Based on the upper price band of ₹35 to ₹35 per equity share, the estimated listing price is ₹50 (+42.9% expected listing gain).
What is the expected profit per lot for Magenta Lifecare Limited IPO?
With a lot size of 4000 shares and current GMP of ₹15, the expected profit per application lot is approx ₹60,000 (+42.9% gain). Minimum application cost is approx ₹1,40,000.
What is the issue size and price band for Magenta Lifecare Limited IPO?
The Magenta Lifecare Limited IPO aggregate issue size is ₹7 Crores with an equity price band set at ₹35 to ₹35 per equity share. The retail lot size is 4000 shares requiring a minimum capital outlay of approx. ₹1,40,000.
How can I check Magenta Lifecare Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 983.24x (Retail: 778.41x, QIB: 0.00x, NII: 1188.08x). You can track live multiples directly on our dedicated subscription page.
Where and when will Magenta Lifecare Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Cameo Corporate Services Limited) and the BSE status verification website on or around 2024-06-10. Investors can verify status using PAN card or application number.
When is the listing date for Magenta Lifecare Limited IPO?
Magenta Lifecare Limited shares are scheduled to list on BSE on 2024-06-12.